Average Rents in 2024

In the lively tapestry of our UK property market, each region stitches its own colourful thread, offering a fascinating snapshot of our nation’s diversity – especially when it comes to the average rent prices. In 2024, it’s London that’s still dancing to its own fast-paced rhythm with an eye-watering average rent of £2,872 per month – a figure that, let’s be honest, has most of us gasping!

Not too far off, the South East is keeping up with £1,581 per month, perhaps riding on the coattails of the capital’s vibrancy. And then there’s East Anglia and the South West, holding their own at £1,359 and £1,372 per month respectively, proving that their mix of city life and rural retreats continues to woo tenants.

Now, if your wallet’s feeling a bit shy, look towards the North East, which is boasting a rather lower average rent of just £867 per month. Yorkshire and the Humber aren’t far behind, tempting with an average of £957 per month – quite a bargain for the beauty and community spirit they offer.

Wales and East & West Midlands are nestled comfortably in the middle, with £1,035, £1,082 and £1,011 per month respectively. It’s like they’re saying, “We’ve got balance just right.” And let’s not overlook Scotland and the North West, with their reasonable £1,046 and £1,018 per month– solid choices for those looking for a blend of tradition and modern living.

So, whether I’m chatting with fellow Leicester locals or casting an eye across the wider Country, it’s clear that understanding these varied patches of the property quilt helps us all – whether we’re letting, renting, or simply contemplating this dynamic market. It’s not just about knowing the figures; it’s about understanding the stories they tell us.  If you are a Leicester landlord or home owner and are interested in what’s happening, both in the Leicester property market yet also regionally and nationally, then follow my posts on social media, where I give regular property market updates.